Saturday, January 7, 2017
Comparing US State GDPs to Entire Countries
In 2015 the US produced 24.5% of the world’s GDP. And the US holds only 4.5% of the world’s population. California, Texas, and New York are the top three states that produce the most economic output. The first US state with the most economic output is California. California produces a GDP of $2.46 trillion. Which is just above the GDP of France’s output of $2.42 trillion. If California was a separate country, it would have been ranked as the 6th largest economy in the world. Texas has America’s second largest state economy. Texas produces a GDP of $1.59 trillion. Texas’ GDP was also slightly higher than Canada’s GDP of $1.55 trillion. Texas would have been ranked as the world’s 10th largest economy. The third state with the most economic output is New York. NY produces a GDP of $1.44 trillion. New York produces slightly more than South Korea ($1.38 trillion). If New York was a separate country is would be ranked as the world’s 11th largest economy. Also New York is ahead of Russia. Russia’s GDP is $1.32 trillion. Together, those three US states produced $5.5 trillion in economic output. And as a separate country would have ranked as the world’s third largest economy and ahead of No. 3 Japan ($4.1 trillion) by almost $1.5 trillion.
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